Economic Objectives Business is basically an economic activity‚ its primary objectives are economic. The economic objectives of a business are to earn sufficient profit to give reasonable reward to the investors of capital and to provide funds for expansion and diversification. The main economic objective of business may be described as under: (a) Earning Profit: Business activity is undertaken for earning profit. Profit is the basic incentive to business pursuits. It is the most important objective
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The employment relationship is the context within which intricate interactions between employees‚ who may be unionised‚ and employers are conducted‚ both collectively and individually (Kelly‚ 1998 cited in Rose‚ 2004 p.6) Potential for conflict between employee and employer interests Unequal nature of the employment contract The ways in which the employment relationship is regulated The employment contract: Lecture aim: to examine the inequality of the employment contract to outline the
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(Ritson.N (1999)) Aim To investigate the effect of cost leadership strategy on the human resource management function in an organization. The project is aimed at studying the effect of organization’s overall strategy on the human resource strategy. Objectives To investigate the relationship between corporate strategy and human resource management To analyze the effect of cost leadership strategy on the human resource planning. To find out the effect of cost leadership strategy on recruitment and selection
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Chaudhry Brothers. In each of the following areas of HR. describe each problem in detail: Recruitment Performance Management Compensation Employee Relations Introduction: HR practices of CB which is controlled by the four Chaudhry brothers themselves. Chaudhry Brothers is currently managing its human resource activities through themselves only. There is no human resource department
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AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724 AN ISO 9001 : 2008 CERTIFIED INTERNATIONAL B-SCHOOL SUBJECT: TOTAL QUALITY MANAGEMENT N.B.: 1) Attempt any 4 Cases. Total Marks : 80 CASE - 1 Merrill Lynch Credit Corporation (MLCC) offers real estate and securities-based consumer credit products-including home financing‚ personal credit‚ investment financing‚ and commercial real-estate financing-to primarily affluent individuals. About 90percent of its approximately 830 employees
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Objectives of Business means the purpose for which the business is established. It is generally believed that the main objective of business is ta make profit and avoid loss. We do admit that profit is a driving force in undertaking any business activity but it is not the sole objective of any business. In the words of Urwick “earning of profit cannot be objective of a business any more than eating is the objective of living” . A business which is hunting after profits and ignores other objectives
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off-shoring‚ and a global workforce that places higher importance on cross-cultural issues and skills. Human Resource Management involves the productive use of people in an organisation to collectively achieve the organisation ’s strategic business objectives. Human resource management also involves employer employee relationship and the satisfaction of the individual employer needs (Stone 2006‚ p. 4). It is an essential function of an organisation. It has become more prominent in recent years as organisations
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influence the HRM functions and practices. The essay also identifies how successful companies like Nokia‚ Sony‚ Panasonic‚ Ikea‚ Commonwealth bank‚ have managed the impact of various internal and external factors to become leaders in their industry. Human resource management has achieved significant importance in recent years both in terms of theory and practice and corporations today cannot ignore the importance of managing human capital in order to achieve their goals and objectives. Factors Influencing
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Sequencing objectives within classes and courses within curriculum is important because much of what we learn is developed through building blocks of knowledge. For example‚ in my current field‚ one must know medical terminology and anatomy and physiology in order to begin a coding class. If one does not know where the pyriform sinus is in the human body‚ one cannot assign "history of pyriform sinus cancer" the correct V-code. One would assume that since the word "sinus" is in the phrase‚ the
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SMART OBJECTIVES Goal setting is something most of us recognize as necessary for our success. The establishment of all objectives should be created using the S.M.A.R.T. philosophy. What is meant by S.M.A.R.T. objective? S.M.A.R.T. is an acronym that is used to guide the development of measurable goals. Each objective should be: Specific‚ Measurable‚ Achievable‚ Realistic and Timely SPECIFIC It answers the questions "What is to be done?" "How will you know it is done?" and describes
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